Show transcribed image text 2) Express the following income statement information in common-size percentages (round to nearest whole percent). Comment on the results. Haans Corp. Comparative Income Statements For Years Ended December 31, 2016 and 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Net income 2016 $1,200,000 804,000 $396,000 132,000 180,000 $84,000 2015 $1,000,000 650,000 $350,000 120,000 150,000 $80,000
2) Express the following income statement information in common-size percentages (round to nearest whole percent). Comment on the results. Haans Corp. Comparative Income Statements For Years Ended December 31, 2016 and 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Net income 2016 $1,200,000 804,000 $396,000 132,000 180,000 $84,000 2015 $1,000,000 650,000 $350,000 120,000 150,000 $80,000
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